Get started

Audnzdshort

AUDNZD Sell IdeaLooks like a sell for AUDNZD Disclaimer -Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Short
by taufik8888
1
AUDNZD struggling to gain ground (week of 28 Dec, 2020)For the past 7 trading days, this pair has been stuck between 1.073 - 1.067 region that has been an effective S/R zone in the recent past. Price had also recently broken out of the descending channel to the up side, but the bullish momentum was just not there to follow though. My bias is thus bearish, and I am targeting the S/R zone located in the 1.05 region in the first instance. If successful, this provides a +3R trade. If you like my analysis, please give it a "Thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista